Habeck joins The Howard Hughes Corporation as Executive Vice President
of Strategic Leasing. In this new position, he will guide the leasing
efforts in strategic development and merchandising. After nearly a
decade at Westfield Corporation, where he most recently served as Vice
President of Development Leasing in New York, he oversaw the leasing and
merchandising strategy for retail at the World Trade Center. During his
time at Westfield, he provided his expertise in the areas of strategy,
leasing, financial analysis, development, lease administration and
process management of retail and office properties as part of the
international REIT leadership team. He was one of the top producing
leasing executives for the company for many years, being recognized as
the “Dealmaker of the Year” in 2010.

Previously, Habeck served as Vice President, Development Leasing for
Westfield in California and held positions with Robertson Property Group
in Los Angeles, Brookfield Properties and Dayton Hudson Department
Stores. In addition to his extensive real estate experience, he holds a
Master of Business Administration from the University of Minnesota and a
Bachelor of Fine Arts from Carleton College.

Jonathan Lauren joins the company as Vice President of Leasing. . He
will lead retail leasing for the company’s flagship property in Lower
Manhattan - the iconic South Street Seaport - where the neighborhood is
undergoing a major revitalization effort led by The Howard Hughes
Corporation. Lauren also comes to the company from Westfield, most
recently as Senior Vice President of Leasing, responsible for overseeing
leasing of 50% of the Los Angeles region, including work with luxury
brands. He also served as Senior Vice President of Project Leasing,
overseeing 50% of California development leasing, and Executive Vice
President of East Coast, responsible for leasing efforts at sixteen
malls located in various states from Connecticut to Florida.

Previously, Lauren served in key leasing roles with Faison & Associates
and Centermark Properties. He holds a Bachelor of Arts in Business
Administration from Southern Methodist University.

"Jonathan and Brent are respected, seasoned and talented executives in
their fields," said Grant Herlitz, President of The Howard Hughes
Corporation. “We know that these new leaders, along with the rest of our
leasing team, will continue to propel our company forward through their
efforts at our key retail properties as we strive to become one of the
leading American brands of the 21st Century.”

Major retail projects for The Howard Hughes Corporation currently under
development include:

The South Street Seaport in New York, mentioned above - where the
redeveloped Pier 17 is currently under construction along with the
historic Uplands and will reopen in 2016 - with approximately 362,000
SF of retail and an unmatched 1.5-acre rooftop entertainment and
dining venue that will hold up to 4,000 people for concerts and
special events along the East River;

The Shops at Summerlin, where over 125 shopping, dining and
entertainment offerings in an open-air center will serve as the first
phase of the future Downtown Summerlin for the acclaimed 22,500 master
planned community and the entire western valley of Las Vegas;

The 60-acre, mixed-use Hughes Landing development in The Woodlands
which includes up to 11 office buildings, a restaurant row, Whole
Foods Market, hotel, fitness center and up to 800 multi-family
residences;

Ward Village in Honolulu, which will be transformed over the next
decade into a new urban community with approximately one million
square feet of retail and other commercial space in addition to up to
4,000 high-rise residences; and

The Outlet Collection at Riverwalk in New Orleans, which is opening in
early summer as the first downtown outlet center in the U.S.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial,
residential and mixed-use real estate throughout the U.S. Our properties
include master planned communities, operating properties, development
opportunities and other unique assets spanning 16 states from New York
to Hawaii. The Howard Hughes Corporation is traded on the New York Stock
Exchange as HHC and is headquartered in Dallas, TX. For additional
information about HHC, visit www.howardhughes.com.

Safe Harbor Statement

Statements made in this press release that are not historical facts,
including statements accompanied by words such as “will,” “believe,”
“expect,” “enables,” “realize”, “plan,” “intend,” “transform” and other
words of similar expression, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management’s expectations, estimates,
assumptions, and projections as of the date of this release and are not
guarantees of future performance. Actual results may differ materially
from those expressed or implied in these statements. Factors that could
cause actual results to differ materially are set forth as risk factors
in The Howard Hughes Corporation’s filings with the Securities and
Exchange Commission, including its Quarterly and Annual Reports. The
Howard Hughes Corporation cautions you not to place undue reliance on
the forward-looking statements contained in this release. The Howard
Hughes Corporation does not undertake any obligation to publicly update
or revise any forward-looking statements to reflect future events,
information or circumstances that arise after the date of this release.